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Your new business opportunity 11522 Davis St 3,294 SF 25% Leased Office Building Grand Blanc, MI 48439 $699,000 ($212.20/SF)
Investment Highlights
- Mixed use property with second floor residential, first floor office.
- Ample on-site parking.
- Great visibility, Located one block from E Grand Blanc Road.
Executive Summary
Lots of opportunities with this location that has two parcels combined into one in the heart of downtown that is just one street off the main light in town and sits right on the corner of Davis and Grand Blanc Rd. What was an operational salon for decades and now is ready to become the newest best thing to Downtown Grand Blanc. Maybe a 4-6 multi-family apartment building? Incomes and rent posted are projected at 6 units at 1200-1500 a month. Just look at this Large open floor plan with different levels and tons of storage. Two middle walls in lower lever are non load bearing and can be removed. Additional bathrooms are plumed under the North East corner. Building has 2 newer furnaces, along with the upstairs apartment having a 2 yr old furnace and AC for its own use. It also has 2 AC units, 3 Hot water heaters and much more. Building has 2 separate basement's with one being partially finished. Both have new drain tiles and sump pumps reassuring a dry basement every spring. Large 2 bedroom apartment above the salon and has 1 full bath and private side entrances. Vaulted ceilings and balcony off both bedroom sliding doors. Currently leased with long time loyal lessee. Large parking lot that is in wonderful condition. Handicap ramp to front door. Nothing left to do other than set up shop or make it into your dream business you have always wanted to start, in the heart of Grand Blanc. 24 hour notice to show. Salon is closed Sunday and Mondays. Showings work best those days and anytime in the early morning or early evening after hours. Financials are based off of just the 2 bedroom apartment on the 2nd floor.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
3,294 SF
Building Class
C
Year Built/Renovated
1920/2017
Price
$699,000
Price Per SF
$212.20
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,647 SF
Building FAR
0.22
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
B-1 - Commercial Zoned District
Parking
22 Spaces (6.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fenced Lot
- Wheelchair Accessible
- Air Conditioning
- Balcony
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 56-16-526-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $217,800 |
Property Taxes
Parcel Number
56-16-526-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$217,800
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Your new business opportunity | 11522 Davis St
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